Photo: Tony Webster · CC BY 3.0129 homes sold in Mahtomedi in the last year, at a typical $498K
About one sale in 7 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Mahtomedi homes are listed.
Every place Mahtomedi homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Mahtomedi.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 85% of Mahtomedi’s sales, at a typical $524K (year to May 2026)
129 homes sold in the year to September 2026.
typical sale · 107 sold in the year to May 2026
- Per square foot
- $235MN $191
- Days to sell
- 27
- Sold over asking
- 37%
- Listings with a price cut
- 23%
Townhouses: 19 sold, typical $383K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.6 times the 2016 price
129 sales in the last year, against 139 in 2015 and a low of 89 in 2024. The typical sale went from $310K in 2016 to $498K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $500K buys in Mahtomedi
Check a listing against what Mahtomedi homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Mahtomedi are back to pre-pandemic levels, but a third fewer homes come up for sale
We read every month of Mahtomedi’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 129 sales.
If you’re buying in Mahtomedi
- Shop in June. It brings about 17 new listings a month, close to the busiest month, with fewer bidding wars (39% over asking).
- Bid near asking. Buyers paid 99.7% of the list price on average; 28% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Spring brings both the most homes and the most bidding wars
May has the most new listings (about 19 a month), and the most competition: 41% close over asking. January has the least competition (17%) but only about 7 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Minnesota as a whole
| Mahtomedi now | 2017–19 | 2021 peak | MN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 28% | 26% | 54% | 29% |
| Gone within two weeksShare of homes under contract within 14 days | 50% | 42% | 61% | 40% |
| Price paid vs. askingAverage sale price ÷ list price | 99.7% | 98.4% | 102.3% | 99% |
| Days to sellMedian days from listing to contract | 26 | 46 | 17 | 38 |
18 homes for sale on a typical day
That’s 1.7 times the 2021 low (10), 35% fewer than in 2017–19 and well under 2012’s 53.
Mahtomedi ranks 97th of 165 busy Minnesota markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Mahtomedi is in the middle of the pack.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Mahtomedi home costs about $3,023 a month
Price: Mahtomedi’s typical sale, last 12 months. Property tax at Mahtomedi’s 1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Mahtomedi is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 3.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $498K home, about $5,100 a year.
Taxes vs. neighborsSchools
The schools grade for Mahtomedi, from test results, graduation and how much students grow.
Schools in MahtomediTypical commute
The average one-way trip to work for people who live in Mahtomedi.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
White Bear Lake, North St. Paul, Maplewood, Vadnais Heights and Oakdale sell for less a square foot
The busier markets within 25 miles of Mahtomedi, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Oakdale | 394 | $340K | $198 | 36% | 27 |
| Maplewood | 391 | $342K | $190 | 39% | 32 |
| White Bear Lake | 331 | $360K | $215 | 45% | 23 |
| Vadnais Heights | 192 | $373K | $199 | 33% | 28 |
| North St. Paul | 172 | $329K | $198 | 42% | 22 |
| Mahtomedi | 129 | $498K | $225 | 28% | 26 |
| Grant | 40 | $805K | $247 | 37% | 45 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Mahtomedi, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Mahtomedi. People who follow the town see it, and so do people comparing Mahtomedi with their own town. No commission, no listing fee.
Questions about buying a home in Mahtomedi
What do homes sell for in Mahtomedi, MN?
129 homes sold in the year to September 2026 at a typical $498K, $225 a square foot.
Is Mahtomedi a buyer’s or seller’s market?
A seller’s market: 15 homes were for sale in September 2026 and 11 sold, about 1.4 months of supply. Buyers paid 99.7% of asking on average.
When is the best time to buy in Mahtomedi?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Mahtomedi?
About 1% of a home’s value a year. On a $498K home that’s near $5,100.
Where can I see homes for sale in Mahtomedi?
Zillow, Redfin, Realtor.com and Homes.com all carry Mahtomedi’s MLS listings; the search links above open each one filtered to Mahtomedi.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).